Daily ETF Roundup: FAA Soars, UNG Slides

by on December 11, 2009 | ETFs Mentioned:

The week on Wall Street ended on a positive note, as an unexpectedly large jump in retail sales give investors hope that the holiday shopping season will give the economy a shot in the arm. Elsewhere, the House approved a massive financial overhaul plan, the details of which investors are still digesting in an attempt to analyze its impact on the financial sector. 

ETFdb 60 IndexThe ETFdb 60 Index, a benchmark measuring the performance of asset classes available through through exchange-traded funds, gained 2.22 points, its third consecutive winning session.

The story of the day was the Claymore/NYSE Arca Airline ETF (FAA), which added more than 7% on news of a potential deal between Japan Airlines and either Delta or AMR that could give the U.S.-based carrier greater visibility in Europe. Shares of DAL added almost 14% while AMR finished the day up more than 9%.

Falling oil prices also fueled a big day for the airline ETF – the United States Oil Fund (USO) declined for the eighth consecutive day.

FAA

The United States Natural Gas Fund (UNG) gave back some of the big gains from Thursday, losing 1.9% as the reality of a massive glut is gas supply continued to set in. News that inventories had finally begun declining gave gas prices a boost in the previous session, but inventories are still nearly 15% higher than they were at this time last year. For updates on the day’s biggest ETF winners and losers, sign up for our free ETF newsletter.

UNG

Disclosure: No positions at time of writing.